{"id":304663,"date":"2010-02-10T12:54:48","date_gmt":"2010-02-10T17:54:48","guid":{"rendered":"http:\/\/www.technologytransfertactics.com\/content\/?p=5865"},"modified":"2010-02-10T12:54:48","modified_gmt":"2010-02-10T17:54:48","slug":"the-university-funds-expands-east-to-indiana-u","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/304663","title":{"rendered":"The University Funds expands east to Indiana U"},"content":{"rendered":"<p>The University Funds, LLC, a VC based in Bellevue, WA, has expanded eastward, inking an agreement with Indiana University Research &amp; Technology Corp. (IURTC) to move IP created by researchers at IU into the marketplace. The University Funds was launched in May 2009 to combine the entrepreneurial expertise and management capabilities of a start-up business accelerator with an in-house VC fund to commercialize innovations with high-dollar market potential. (<a href=\"http:\/\/www.technologytransfertactics.com\/content\/2009\/07\/22\/university-funds-offers-new-vc-model-to-commercialize-technology\/\">See previous article.<\/a>) The company is targeting health care and life sciences, plant and animal sciences related to the food chain, alternative energy and green technology, and software applications related to these sectors. IURTC president and CEO Tony Armstrong says the partnership will help establish start-up companies in Bloomington and at other IU campuses. &#8220;This agreement provides a comprehensive framework for building a productive and mutually supportive program between IU researchers and a management team experienced in successfully moving intellectual property into commercial use,&#8221; Armstrong says. &#8220;We think they have a unique model for driving commercialization success around research-based innovations.&#8221;<\/p>\n<p>The University Funds will build a portfolio of technology-based start-up companies; provide experienced management teams and legal, accounting, administrative, and operational support; and direct funding to projects deemed to have the best chance of success, according to Len Jessup, the company&#8217;s executive vice president for university relations. Jessup, a former tenured faculty member in the IU Kelley School of Business, says both IU and The University Funds stand to gain from a relationship designed to remove roadblocks that might hamper innovative researchers from starting companies or licensing discoveries. The company has similar agreements with 10 public universities in the western U.S.<\/p>\n<p>Source: <a href=\"http:\/\/www.indystar.com\/article\/20100205\/BUSINESS\/2050421\/1003\/Indiana-University-accord-to-push-inventions\" >The Indianapolis Star<\/a><\/p>\n<p><br class=\"spacer_\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The University Funds, LLC, a VC based in Bellevue, WA, has expanded eastward, inking an agreement with Indiana University Research &amp; Technology Corp. (IURTC) to move IP created by researchers at IU into the marketplace. The University Funds was launched in May 2009 to combine the entrepreneurial expertise and management capabilities of a start-up business [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-304663","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/304663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=304663"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/304663\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=304663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=304663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=304663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}